Tuesday, February 18, 2025

Auditing The Gold.

 Rumors are flying that Elon Musk is going to take his team to the US Bullion Depository at FOrt Knox to audit the gold.  I can't tell you the last time that place was audited, but the last inspection I am aware of happened in 1974 by members of Congress.

The inspection by Members of Congress on September 23, 1974, of U.S. gold stocks stored at the Fort Knox (Ky.) Bullion Depository marks a unique departure from the long standing and rigidly enforced policy of absolutely no visitors, Mrs. Mary Brooks, Director of the Mint, announced today.

When I got there in 1976, the place was still abuzz about the inspection, and the rumors about what they may or may not have found there.  We know that they stored some crown jewels from eastern European nations that were then behind the iron curtain. 

The security around the Depository is probably the tightest in the nation.  Easily seen by travelers on US Highway 31W, it looks like a small building sitting in a field.  Don't let that deceive you.

At one time I was tasked with providing a platoon of tanks on two-hour notice to protect the Depository in case of a national emergency.  They would test us occasionally, and yes, one day I drove a platoon of tanks up to the gate before Treasury came out, told us we did good, and sent us away.  That screwed up a Sunday afternoon.

Fort Knox is no longer the home of Armor, but I see that they have a smattering of units, to include the 4th Cavalry Brigade, along with some Engineer units.  I bet that those guys have the same mission we did back in the 1970s.  Protect the Depositoory.


1 comment:

Old NFO said...

Probably protecting empty vaults now...sigh